A group of leading businessman has publicly backed OMV boss Wolfgang Ruttenstorfer who faces legal action for alleged insider trading.The entrepreneur, who has headed the oil and gas company since 2002, will be in court in January after the state prosecution decided to press insider dealing charges.Ruttenstorfer acquired OMV stakes worth 632,000 Euros in March […]
Tag: Petrom
Romania to sell OMV Petrom shares
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The Romanian Ministry of Economy intends to put up 11.84 per cent shares in OMVs Romanian subsidiary Petrom for sale, it was reported yesterday (Thurs).The Ministry published a draft resolution saying it intended to sell a package of 6.7 million shares accounting for 11.84 per cent of the share capital of SC OMV Petrom.Romanian Times […]
OMVs Romanian subsidiary Petrom is investing 100 million Euros in wind power production, it was announced today (Thurs).Petrom said it acquired the company SC Wind Power Park SRL, which owns a fully authorised wind power generation project, in the south-eastern Romanian town of Dobrogea with a designated capacity of 45 megawatt.Petrom will built and operate […]
OMV Petrom 2009 profit up
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OMVs Romanian subsidiary Petrom yesterday (Thurs) reported a net profit of 334 million Euros in 2009.That was up by 34 per cent from its net profit of 248 billion Euros in 2008.Petrom, Romanias largest oil company, had turnover of 3.13 billion Euros in 2009, down by 23 per cent from 4.08 billion Euros the previous […]